Summary - FLAT 2, 118 LOUGHBOROUGH ROAD, WEST BRIDGFORD NG2 7JE
5 bed 4 bath Semi-Detached
Fully let four-flat Victorian block generating c. £38,400pa with parking and scope to improve.
Four self-contained flats: three 1-bed and one 2-bed duplex
A ready-made investment in prime West Bridgford: this Victorian semi presents four self-contained flats (three one-bed, one two-bed duplex) currently producing c. £38,400 per year, equating to a reported 6.4% yield. All units have been refurbished in recent years with contemporary grey gloss kitchens, modern bathrooms and neutral finishes, supporting a strong letting history and immediate income.
The freehold building benefits from off-street residents’ parking to the front and rear, a decent plot and high ceilings typical of the period that appeal to tenants. The location offers easy access to Nottingham city centre, strong local amenities and several well-regarded schools, making it straightforward to re-let if turnover occurs.
Investors should note the property is tenant-occupied, so viewings and access will need arranging. The structure is solid brick with double glazing but insulation details are unknown; energy-efficiency improvements may be needed to reduce running costs and improve EPC rating. There is some exterior work indicated in the description, so factor possible external/maintenance costs into any purchase decision.
Overall, this is a turn-key multi-flat investment with immediate rental income and scope to increase rents and value through targeted upgrades and ongoing management. It suits a buyer seeking income from day one and potential upside from modest capital works.
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